OPEN-SOURCE SCRIPT

Moving Average Ribbon AZly

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Moving Average Ribbon AZly

The Moving Average Ribbon AZly is a flexible trend-following indicator that visualizes market direction, strength, and transition phases using multiple customizable moving averages. It helps traders instantly identify when short-, medium-, and long-term trends align or diverge.

🔧 How it works

Up to six moving averages can be plotted, each with its own:

Type (SMA, EMA, SMMA, WMA, VWMA, or HMA)
Length, color, and width
Custom source input

The script also adds adaptive color fills between key pairs:

MA1–MA2: short-term momentum
MA4–MA5: mid-term bias
MA5–MA6: long-term trend

Bullish alignment paints green or blue ribbons, while bearish alignment turns them red or pink. The wider the ribbon, the stronger the trend separation.

💡 Why it’s better

Unlike typical ribbon indicators, this version offers full per-line customization, adaptive color fills, and a clean, high-contrast design that makes trend shifts instantly recognizable. It’s optimized for clarity, flexibility, and smooth performance on any market or timeframe.

🎯 Trading ideas

Trend confirmation: Trade only in the direction of the ribbon (green for long, red for short).
Early reversals: Watch for the fastest MAs (MA1–MA2) crossing the mid-term pair (MA4–MA5) as early signals of a trend shift.
Momentum compression: When the ribbon narrows or colors alternate rapidly, it signals consolidation or potential breakout zones.
Pullback entries: Enter trades when price bounces off the outer ribbon layer in the direction of the dominant trend.
Multi-timeframe use: Combine with a higher timeframe ribbon to confirm overall market bias.

📊 Recommended use

Works on all markets and timeframes. Ideal for trend-following, swing trading, and visual confirmation of price structure.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.